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DOW JONES Head and Shoulders formed. Potential visit of Feb lowsDow Jones (DJI) had formed a Head and Shoulders (H&S) pattern on the 4H time-frame and ahead of the first 4H Death Cross in 7 months (since August 21 2023), the probability of a short-term correction seems stronger than ever. Technically H&S patterns target the 2.0 Fibonacci extension but we will settle for a slightly higher target on Support 1 at 38050. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
US30 SELLSUS30 once again had come into the Main 4H & Daily supply zone where I expected rejections. Also 12.30 UK time we had critical new on USD. I was targeting entry @39235.00 where I entered aggressively with sl@39320.00 (80pts) at 11.30 UK time. Price then came down and broke structure on both 30mins & 1h Once positive USD news was released but then spiked back up to 39247.00 as manipulation but was calm and held. Aim is to take partial profits at TP TP1: 39860.00 Tp2: 38500.00 TP3:38300.00
ICMARKETS:US30Short
by mrachaw
US30: Thoughts and Analysis post-CPIToday's focus: US30 Pattern – Consolidation range Support – 38,550 Resistance – 39,165 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 daily. Yesterday's CPI didn't cause any serious moves but did show that inflation remains stubborn. Today, we have run over what we are watching on the US30 and the current main levels that are forming a price pattern. Will we see a new test and break of resistance, or could we be in for further consolidation? Good trading.
EIGHTCAP:US30Long
by Eightcap
The end of a rally or expansion with a correction to the degree Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
SPREADEX:DJILong
by Mehdi_Abbasi_EWP
Dow Jones: Mixed Economic Data and Dollar DynamicsThe recent release of Initial Jobless Claims by the US Department of Labor has unveiled a slightly higher figure than anticipated. This unexpected uptick is seen as a consequence of the rise in Initial Jobless Claims for the week ending March 2nd, coupled with lower-than-expected Unit Labour Costs from the fourth quarter. As market observers eagerly await the arrival of crucial labor market data on Friday, including the Unemployment Rate, Average Hourly Earnings, and NonFarm Payrolls for February, the trajectory of the US Dollar Index (DXY) hangs in the balance. These forthcoming data points are poised to dictate short-term movements in the DXY. Moreover, the possibility of additional labor market data releases on Friday raises concerns of imminent rate cuts, which could exert further downward pressure on the Greenback. On the technical front, the price has reached a critical Resistance level around 38,900, coinciding with the 61.8% Fibonacci retracement level. In response to this confluence, a selling position has been initiated, with the first take-profit target set at 38,500. As investors navigate through the complexities of mixed economic signals and anticipate the impact of impending data releases, market sentiment towards the US Dollar remains uncertain. The outcome of Friday's labor market data will likely steer the direction of the Greenback in the immediate future, influencing trading strategies and investment decisions across global markets.
BLACKBULL:US30Short
by FOREXN1
1
AriasWave Market Update - DOW - ASX - BTC - XLM - XRPIn this video, I aim to provide an overview of my observations regarding the approach toward a potential market peak. I'll offer some perspective by comparing the Dow Jones to the ASX (Australian Stock Market) and discuss the possibility of a significant downturn in global markets, comparable to a collapse. I'll outline various factors contributing to these considerations. Viewing the markets from this angle, one begins to recognize parallels with the tech stocks of the 90s, many of which peaked and experienced a decline of at least 90%, with some becoming worthless. I see a similar scenario unfolding with cryptocurrencies, where survival will be selective, and many may not endure.
TVC:DJI
by AriasWave
DOW JONES - We Could See A Major Collapse Within 12 Months...I've compiled my latest comprehensive analysis of the stock market, as I strongly believe it offers crucial insights into market psychology, spanning across Cryptos, Stocks, and various assets. To dispel any notions of spreading fear, uncertainty, and doubt (FUD), I meticulously outline the pattern and highlight key levels to monitor. Should this analysis hold true, it would elucidate why Cryptos might experience further decline, particularly considering many were introduced at the market's peak, potentially reflecting the rampant speculation prevailing in all sectors. While I evaluate each chart independently, the broader implications on market psychology could catalyze a widespread sell-off across all markets. Please keep in mind: This methodology isn't based on Elliott Wave theory, so any assumptions suggesting otherwise would reflect a misunderstanding on your part. AriasWave is a unique approach I've developed over almost a decade.
TVC:DJI
by AriasWave
1
US30 Trade IdeaUS530: Riding the Ascending Channel to New Heights The US30 index has been tracing an ascending channel on the 4-hour chart, a bullish pattern that suggests a continuation of the current uptrend. This pattern is characterized by two parallel upward-sloping trend lines that have been containing the price action. Key Observations: Bullish Sentiment: The ascending channel indicates a strong bullish sentiment as it is formed by a series of higher highs and higher lows. Support and Resistance: The lower trend line serves as support, while the upper trend line acts as resistance. Trading Strategy: Traders might consider buying at the lower trend line or on a breakout above the upper trend line. Trade Execution: Entry Point: A pullback towards the lower trend line could be a potential entry point, offering a favorable risk-reward ratio. Stop Loss: A stop loss can be placed just below the lower trend line to protect against a potential breakdown. Take Profit: The height of the channel can be used to project potential take profit levels, either from the point of entry or from the upper trend line if trading a breakout. Risk Consideration: Ensure to monitor for any signs of a breakdown below the lower trend line, which could invalidate the pattern. Adjust positions according to the evolving market conditions and maintain a disciplined approach to risk management. Trade ideas are speculative and should be considered within the context of your overall market analysis and trading strategy. This trade idea is based on the ascending channel pattern, which is a common bullish signal in technical analysis. It’s important to combine this with other indicators and market analysis for a well-rounded trading decision. Happy trading!
FX:US30Long
by itmecrypomania
Bitcoin - BTCUSD 1hr Just so we are clear... I do not trade crypto... but I can not help myself when I see a perfect setup. It's simple trading once again. we are in a bullish market so we are looking for buy opportunities. *NFP week! We all saw it, Negative USD News! BULLISH CONFIRMATIONS: 1. massive head and shoulders 2. Hammer above bearish trend high 3. Hammer above Daily Resistance 4. Higher highs above the previous shoulder *Do not overthink it. We are in a bullish market with clean higher highs. *Pay attention to Daily and Weekly Close
COINBASE:BTCUSDLong
by nikdobii
US30 sellI had been waiting days for this move and during the week US30 had created equal highs and built liquidity where I was waiting for price to eventually tap into the main supply zone also taking out early sellers. Upon seeing that volume was coming back into the market at around 2.30pm Uk time I set a sell limit @38950.00 with sl@39000.00 (risking 50pts). Zooming into the 1min once price entered into zone and broke structure to the downside this gave me added confluence. TP1: 38800.00 TP2: 38650.00 TP3:38450.00 TP4: 38300.00 * Where has the market moved since I entered my trade? PROFITS * If I looked at the market now, would I take the same trade? yes * How do I feel about my trade? optimistic * What do I like about this trade ? precise entry, patience stalking the move * What do I dis-like about this trade now? nothing just that it may go into next week * On a scale of 1 to 10, where would I rate this Trade now? 8/10 * If I were not in a trade now, would I take the opposite trade ? no
ICMARKETS:US30Short
by mrachaw
Major Indices: Macro SR Fibonacci SchematicsHere we have every major American indices in the world including the S&P-500, Dow Jones, Nasdaq, and the Russell 2000. This list excludes major foreign indices. For this idea, we have 2 boxes per indices. This is so we have room to include all schematics in the blueprint (chart). Let us define each indices and then we can talk about what makes each individual box up. 1. S&P-500 = (Standard and Poor's 500) Largest publicly traded companies in the US. (Benchmark for the overall US stock market and economy) 2. DJIA = (The Dow Jones Industrial Average) Tracks 30 large, publicly owned blue chip companies. Indicator of the health of the US economy, especially in the Industrial sector. 3. NASDAQ Composite = Heavily weighted towards the tech sector. Includes 3,000 stocks/all stocks listed on the Nasdaq stock exchange. 4. RUSSELL 2000 = Measures performance of 2,000 smaller-cap American companies. There's a distinct difference from the small cap measurement of the Russell and big caps like the S&P. Now, each set of boxes are entirely different. There are no schematics in more than one box AT ALL. EVERY SINGLE BOX is 100% unique. Now that we know this lets examine... 1. Both S&P boxes include the following. 2 sets of schematics, a set of fib circle pairs, and a set of Fib Forks for EACH BOX. 2. Both DOW JONES chart have a schematic each. The 1st box has a set of fib circles but not the 2nd. The 2nd has a set of Fib Forks and so does the 1st. 3. Both NASDAQ boxes have a schematic each. Also, each has a set of Fib Spikes AND Fib Forks. 4. Both RUSSELL boxes have a schematic each. Each has sets of Fib Forks with the important ones highlighted in either black, yellow, or white to show the variety and how each different set reacts differently. One must see that the different thickness and colors of separate sets of schematics are to distinguish them from its surroundings. My own forged Market Theory is that there is a BASE SET of Fib Extensions in the background which makes up our structure. Then, in the foreground, we have our Fib Spikes and then we lay over our Fib Forks. Finally, we have a totally finished, CLUSTERED, Schematic. SO, every single schematic that I make is all just individual schematics clustered together.
TVC:RUTLong
by MichaelBsul
DOW JONES: Mega sell signal formed.Dow Jones has hit the top of the 18 month Channel Up and is already being rejected, turning neutral on the 1D technical outlook (RSI = 51.769, MACD = 112.170, ADX = 21.784). This is a rejection that can evolve into a full bearish reversal as the 1W RSI broke under its MA trendline. This is important because every time this break out happened (dashed vertical lines), the index had technical corrections. Inside the Channel Up those initially hit the 0.382 Fibonacci level. Consequently, we can target at least the S1 level (TP = 37,030) but it is equally likely to reach even below the 0.382 Fib and contact the 1W MA50. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
DOW JONES Short-term correction has began.Dow Jones (DJI) has had yesterday the strongest red 1D candle since February 13 and 2nd strongest since the October 27 2023 bottom. Just as recently as last week (February 26, see chart below) we called for a 'very clear bearish signal' as not only was the price near the top (Higher Highs trend-line) of the 1.5 year Channel Up but also the 1W MACD was on a Declining Histogram similar to the August 2023, December 2022 and August 2022 tops: To get a better idea of the shorter term implications of that signal, we view Dow today from the 1D time-frame, where the 1D RSI has been on a Bearish Divergence (Lower Highs against the index' Higher Highs) December 19 2023. Again within the structure of the Channel Up, the same RSI pattern was formed during the August 01 2023 and December 2022 Higher Highs. Both declined by virtually the same percentage (-9.25%). Such a decline would push the price as low as 35650, which is where the 1D MA200 (orange trend-line) currently is. Instead we would like, as mentioned, to keep a shorter term perspective here and time a 3-4 week target. Once the 1D MA50 (blue trend-line) breaks, it will be the most optimal sell confirmation, with a conservative short-term Target being Support 2 at 37120. Notice that this would be near the 0.5 Fibonacci retracement level of the Channel and if it takes place in early April, it will be as close to the 1D MA200 as possible. In any case, the 1D RSI touching the 30.00 oversold barrier, is technically always a solid level to start buying again for the long-term. Note also how the current top is virtually the same rally % (+21.00%) as December 13 2022. This shows that we shouldn't neglect the symmetry of waves within this long-term Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
Hellena | DJI (4H): Short to support area 38604.Dear colleagues, the price rushed upwards and did not update the low 38045. This means that wave 2 has long been formed and now the formation of the upward wave 3 is underway. But we are observing a price gap, and as we know, the gap is usually closed. Besides, it does not violate the wave structure in any way. So I suppose that the price will close the gap and reach the support area 38604. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:DJIShort
by Hellena_Trade